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City

Surge in companies facing collapse as Government chases down Covid debts

The number of companies in critical financial distress increased by more than one-third year-on-year at the end of 2022, according to an insolvency specialist which warned of an influx of small businesses teetering on the brink of closure. Begbies ...

24 Jan 2023 at 13:26

City

Galliford Try says revenues and profits beat expectations

Galliford Try has surpassed profit and sales guidance after the construction firm was boosted by more building projects and infrastructure work. The Uxbridge-based company saw shares lift in early trading on Thursday as a result. Bosses said the ...

03 Oct 2024 at 12:15

City

Paperchase collapse and raft of company insolvencies boost Begbies Traynor

Restructuring specialist Begbies Traynor Group says its finances have been boosted by the collapse of Paperchase earlier this year. Begbies Traynor was appointed as administrator after the struggling stationery chain failed to secure any buyers....

27 Feb 2023 at 10:50

City

Record number of UK firms facing serious financial strain – report

A record number of UK businesses are facing a serious financial strain, as post-Covid debts squeeze all corners of the economy, a report has found. The warning comes after a series of businesses have been on the brink of collapse or faced ...

18 Oct 2024 at 11:33

City

Company failures will stay high amid surge in wage bills, warns Begbies

Insolvency specialist Begbies Traynor has warned that higher wage bills and prospects for fewer interest rate cuts will keep company failures at high levels, as it revealed its own cost hit from the recent Budget. The group said it is ...

18 Nov 2024 at 09:15

City

Insolvency levels to remain ‘elevated’ into 2025, says Begbies Traynor

Begbies Traynor has warned that insolvency activity will remain “elevated” into 2025 despite improvement in the wider economy. The Manchester-based restructuring firm said higher interest rates and funding challenges in certain ...

09 Jul 2024 at 10:33

City

Firms in distress surge amid ‘debt storm’ worries

The number of firms on the brink of collapse jumped by more than a quarter at the end of 2023 as fears grow over a “debt storm” caused by the recent barrage of interest rate rises, a report has warned. The latest Red Flag ...

22 Jan 2024 at 11:29

City

Jumps in administrations and liquidations boost trading at Begbies Traynor

Business restructuring and advisory firm Begbies Traynor is set to reveal sales and profits ahead of targets after being boosted by a jump in corporate collapses. The Manchester-based firm said it has seen insolvency ...

22 May 2023 at 09:11

City

Begbies Traynor boosts staff levels as it warns of growing insolvencies

A rise in the number of companies going bust in the UK proved good news for insolvency expert Begbies Traynor in recent months as it started hiring more staff to keep on top of what it thinks will be a growing trend....

11 Dec 2023 at 08:07

Personal Finance

More firms going bust in England and Wales than since 2009

More businesses have gone bust in England and Wales in recent months than since 2009 amid the aftermath of the financial crisis, according to Government figures. The construction, retail and hospitality sectors are ...

31 Oct 2023 at 12:43

City

Firms in critical financial distress across the UK

The latest Red Flag Alert report from Begbies Traynor has revealed that more than 47,000 firms have started 2024 in critical financial distress. Here is a list of the companies seen as being on the edge of ...

22 Jan 2024 at 08:57

City

Thousands of retailers close to the brink as consumers tighten belts, report finds

Close to 4,500 retailers are in a critical situation as the run-up to Christmas has not provided the boost that they might have hoped, a new report has suggested. Begbies Traynor said that the companies ...

21 Dec 2023 at 15:12

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